<p>Over the past 15 years, from 1997 to 2012 UChicago has had the most dramatic drop in admit rate in the country, going from 61% to 13%. A drop of 80% (48 percentage points).</p>
<p>(In fact, if you went back even a couple of years further, UChicago had an acceptance rate of 70%, making the drop even more dramatic.)</p>
<p>Over that same 15-year period, Harvard and Stanford had a decrease of about 50% in their admit rate, going from 12.5% to 5.9% in the case of Harvard and about 13% to 6.6% for Stanford. (By the way, most of the top schools have seen their admit rate drop 50% over the past 15 years.)</p>
<p>While Harvard’s admit rate is half of what it was, UChicago is less than one fourth of what it was.</p>
<p>UChicago’s dramatic decrease happened even though it increased the size of its undergraduate program by 40% during that 15-year period. Harvard did not appreciably increase the size of its program at all during that period.</p>
<p>If this trend continues over the next 15 years and the schools’ admit rates continues to drop at their current rate, then in 15 years Harvard’s admit rate will be 3%, UChicago’s admit rate will be 3%, Stanford’s admit rate will be 3.3%</p>
<p>Keep in mind it is unlikely UChicago will expand its undergraduate size another 40% in the 15 years. But even if we handicap UChicago and assume its drop in acceptance rate will slow to the same 50% rate of decline of other top schools, its admit rate will still drop to 6.5 percent in 15 years.</p>
<p>In addition, UChicago is best positioned for immediate, fast, quick, short term dramatic drops in admit rate of 2 to 3 percentages points a year for the next couple of years. So its could well be down to 10% next year.</p>
<p>What happens next will be determined by math and psychology. It is likely UChicago will get a bit of a boost by being ‘hot,’ since its drop is unusually rapid and quick, whereas most of the other schools ares simply dropping in step with each other; UChicago is gaining tremendously relative to everyone else.</p>